Contracts have been signed and construction of the Monash Freeway Upgrade is set to start in September.
The Labor Government has announced that Fulton Hogan has been awarded the contract to upgrade the Monash, including building more than 30 kilometres of additional lanes.
The Monash will be widened from four to five lanes in each direction between EastLink and the South Gippsland Freeway, and from two to three lanes in each direction from the South Gippsland Freeway to Clyde Road.
New ramp signals will be installed at nine new locations between Chadstone and Pakenham including the EastLink Interchange, to improve traffic flow and reduce stop-start driving conditions and dangerous sudden braking.
This state of the art technology will help to balance the amount of traffic entering the freeway and reduce the number of cars waiting on the entry ramps.
38 electronic Lane Use Management Signs (LUMS) will be installed between Warrigal Road and the South Gippsland Freeway, creating one of the longest stretches of managed motorway in the world.
The LUMS will be used in conjunction with a new automatic incident detection system to improve traffic flow by providing motorists with information in the event of an incident.
There will also be eight new variable message signs installed to give drivers important real time road condition and travel information.
The project will slash travel times by 10 minutes for the more than 200,000 vehicles that use it every day.
The number of serious crashes will reduce by 20 per cent by creating smoother traffic flow onto and along the improved route.
The project will create more than 400 jobs during construction, as part of a major transport infrastructure program that is creating more than 15,000 jobs across Victoria.
Construction will be completed in 2018 and no new tolls will be introduced on the Monash.